Business

Latest Business News in Iran – News and reports about all things to do with commerce, trade, banking and industry in Iran and the world. Covering ongoing developments, market news, contracts, joint ventures, trade delegations, chambers of commerce, manufacturing, labour news and resource management.

Energy

MP: Iran securing its share in oil market

IFP Editorial Staff -
The secretary of the Iranian parliament’s energy commission says Iran is seeking to secure its share of the oil market through its energy diplomacy.
Economy

Iran, Russia hold major trade conference

IFP Editorial Staff -
The Islamic Republic of Iran and the Russian Federation have held a major bilateral trade conference.
Finance

IRNA: Iran to receive $7bn in frozen funds

IFP Editorial Staff -
Reports say seven billion dollars of Iran's money, frozen due to the US sanctions, will be transferred to the country’s accounts under a new agreement.
Finance

Report: More of Iran’s frozen assets to be released

IFP Editorial Staff -
Reports say Iran has managed to get a substantial amount of his frozen assets unlocked in a foreign country due to the US sanctoins.
Finance

Iran MP: No country has so far released frozen Tehran assets

IFP Editorial Staff -
A member of the Iranian Parliament’s National Security Commission says consultations were held with several countries, where Iranian assets were frozen due to US sanctions, however, this had no result.
Economy

Iran’s non-oil trade hits record high in years: Official

IFP Editorial Staff -
Iran’s non-oil trade hit a record high figure in the Iranian calendar month ending March 20, an Iranian customs official says.
Energy

Iraq: We will need Iranian natural gas for coming years

IFP Editorial Staff -
Iraq’s electricity minister says the country has not reached an agreement with Arab countries of the Persian Gulf region and will need to import natural gas from Iran for the coming years.
Energy

Iranian minister: 1,000 megawatts added to power plant capacity

IFP Editorial Staff -
Iran’s Minister of Energy Ali Akbar Mehrabian says the ministry has increased 1,000 megawatts of electricity to the capacity of the country’s power plants through using knowledge-based techniques and without consuming additional fuel and allocating an extra budget for this purpose.
Society

Official: 5k Afghans entered Iran per day since Taliban takeover

IFP Editorial Staff -
An Iranian official says almost 5,000 Afghans have been entering Iran on a daily basis, since the Taliban took power in Afghanistan last August.
Energy

Iran to begin development of joint Arash gas field in Persian Gulf soon

IFP Editorial Staff -
Iran says it will launch a plan to develop the Arash natural gas field shared with Kuwait and Saudi Arabia in the near future, after the pair agreed to begin development activities in the offshore reservoir without Tehran.
Economy

Iranian delegation visiting Russia for expansion of trade ties

IFP Editorial Staff -
An Iranian trade delegation is visiting Russia with the aim of expanding exports and buying livestock inputs and oil seeds from the country.
Energy

Minister: Iran’s oil production capacity reached pre-sanctions level

IFP Editorial Staff -
Iran’s Oil Minister Javad Owji says the country’s crude production capacity has reached more than 3.8 million barrels per day (bpd), equaling the levels that existed prior to the imposition of tough American sanctions on the country’s energy industry.
Economy

Iranian president says economy not tied to JCPOA

IFP Editorial Staff -
Iran’s President Ebrahim Raisi says his administration has not tied the Iranian people’s lives to the 2015 nuclear deal, JCPOA.
Energy

Natural gas, Sulphur production projects launched in eastern Iran

IFP Editorial Staff -
The construction of the second phase of a major natural gas storage facility and three projects as part of the “Sulphur Park” in the eastern Iranian city of Sarakhs has been launched in a ceremony with the presence of President Ebrahim Raisi.
Energy

Development plan to fully launch at Iran’s oldest refinery: Official

IFP Editorial Staff -
An official at Iran’s Abadan Refinery says the first phase of a “development and stabilization” plan at the facility in southern Iran will be completed in the first half of the current Iranian calendar year.
Energy

Drilling work to start at Arash joint gas filed in Persian Gulf: Iran

IFP Editorial Staff -
Iran’s oil minister says drilling operation will soon begin at the jointly-owned Arash gas field in the Persian Gulf.
Energy

Iran exported gasoline, gas oil in March 2022 as part of commitments

IFP Editorial Staff -
Iran’s deputy oil minister says the country exported a gasoline shipment as well as three cargoes of gas oil in March, 2022.
Transportation

What are the modes of transportation in Dubai?

IFP Media Wire -
Dubai is one of the cities of the United Arab Emirates which is one of the most popular cities in the world. Every year,...
Economy

“Iran’s foreign trade hit 162mn tons last year”

IFP Editorial Staff -
The head of Iran’s Customs Organization has said Iran’s non-oil trade with foreign countries hit a record of 162 million tons ($100 billion) in the Persian year 1400. Alireza Moghaddasi said the figure represented a 38 percent increase compared to the year 1399.
Energy

Iran says reserves right to exploit joint gas field with Kuwait, Saudi Arabia

IFP Editorial Staff -
Iran’s foreign ministry spokesman has called a newly declared agreement between Saudi Arabia and Kuwait over the exploitation of the Arash gas field illegal, saying: Tehran reserves the right to exploit the field in the Persian Gulf.
Energy

Iran plans a $200bn investment in oil industry

IFP Editorial Staff -
Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.
Finance

Iran, Russia discussing possibility of using MIR cards

IFP Editorial Staff -
Iran’s Ambassador to Russia Kazem Jalali says Tehran and Moscow are discussing the possibility of recognizing cards using Russian MIR payment system.
Economy

Envoy says Iran, Russia to discuss banking cooperation

IFP Media Wire -
Iranian and Russian officials will hold a meeting on topics of banking and financial cooperation soon, Iranian Ambassador to Russia Kazem Jalali said.
Economy

‘Iranians awaiting good news from Vienna talks’

IFP Editorial Staff -
The head of Tehran’s Chamber of Commerce has said millions of Iranians are awaiting the final result of the Vienna talks.
Economy

Iran’s leader to officials: Do not tie economy to sanctions

IFP Editorial Staff -
The leader of Iran’s Islamic revolution has reiterated that the country’s economy must not be tied to the US sanctions.
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